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Setback for Microsoft. American software company Microsoft is apparently out of the game when it bids for the American business of short video platform Tiktok. According to internal sources, a consortium of the US software group Oracle is said to have won the tender.
Bytedance sold the US short-video platform business to Tiktok to a consortium led by Oracle. The deal has not yet been approved by the governments of Washington and Beijing, a person familiar with the matter told Reuters on Sunday.
Meanwhile, Microsoft said Bytedance “let us know today that they would not sell Tiktok’s US operations to Microsoft. The group is disappointed: “We are confident that our proposal would have been good for Tiktok users and, at the same time, it would have protected national security interests.”
Transmit user data to China?
US President Donald Trump suspects Tiktok of espionage for the Chinese government. Therefore, it has signed a decree aimed at banning the popular platform from mid-September if it does not sell. Tiktok is suing the ordinance in a United States federal court in California.
Trump justifies his action with an alleged threat to national security through Bytedance and Tiktok. Accordingly, federal officials could create movement profiles with the help of the app and companies could be eavesdropped. Bytedance and Tiktok deny sharing user data with the Chinese government. (SDA)
